Price quotes of imported dl-methionine were softer in the range of RMB22.80-23.50/kg.

For liquid methionine*, price quotes dipped substantially to the range of RMB18.50-19/kg.

Weekly prices of dl-methionine in China

Area

Mar 1 – Mar 7(RMB/kg)

Mar 8 – Mar 14(RMB/kg)

Price change(RMB/kg)

Guangzhou

23.50

23.50

0.00

Chengdu

23.50

23.50

0.00

Jinan

23.00

22.80

-0.20

Nanjing

23.00

23.00

0.00

Shijiazhuang

23.00

23.00

0.00

Zhengzhou

23.00

22.80

-0.20

Shenyang

23.00

22.80

-0.20

Beijing

23.00

23.00

0.00

Weekly transacted prices of liquid methionine* in China

Area

Mar 1 – Mar 7(RMB/kg)

Mar 8 – Mar 14(RMB/kg)

Price change(RMB/kg)

North

19.00

19.00

0.00

Central

21.00

19.00

-2.00

South

21.00

18.50

-2.50

Prices refer to delivered-to-feedmill prices, and are for reference only.RMB1=US$0.1446 (Mar 14)

*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.

Market analysis

Sales of poultry feed remained limited although broiler prices have rebounded from historic lows. Usages of methionine failed to increase meaningfully, holding prices soft as a result.

Meanwhile, there was news that one local producer has scheduled for two weeks routine maintenance starting mid-March.

In Europe, prices of methionine for Q2 2017 deliveries were in the range of EUR2.45-2.50/kg.

Market forecast

Methionine market is expected to stay weak due to abundant availability. However, the bird flu epidemic has shown early signs of abating. Should the poultry sector recover strong from the disease outbreak, methionine prices are likely to rebound from current low levels amid strengthened demand.

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